Investment

IQSTEL plans to acquire 51% of Ghana’s Ultranet

IQSTEL plans to acquire 51% of Ghana’s Ultranet

IQSTEL, a global connectivity, AI and digital services company, has announced a binding memorandum of understanding (MoU) to acquire a 51% controlling interest in Ghana-headquartered Ultranet Telecom Group.

Ultranet is a fast-growing telecom and technology company headquartered in Ghana, with operations across Africa and international markets.

The parties anticipate that the transaction will support IQSTEL's long-term growth objectives. Leandro Iglesias, CEO of IQSTEL, explains: "This is more than an acquisition; it is a strategic partnership combining Ultranet's powerful African telecom platform with IQSTEL's global commercial infrastructure, AI capabilities, and digital services vision. Together, we intend to accelerate Ultranet's Africa growth and launch the Ultranet platform into the Middle East and Asia."

Raymond Oppong-Dapaah, CEO and Owner of Ultranet Telecom Group, adds: "We were looking for a strategic partner to accelerate our Africa growth and expand into the Middle East and Asia. IQSTEL brings global scale, financial strength and a strong digital services vision that we believe will take Ultranet to the next level."

Ultranet operates across Ghana, Nigeria, Mali, Burkina Faso, Senegal, and Ivory Coast, with commercial activities in Europe, Asia and North America.

A key strategic asset of Ultranet is its portfolio of six exclusive international SMS gateway agreements with leading African mobile operators, granting sole international SMS routing rights in their respective markets.

These strategic exclusivity agreements, says IQSTEL, represent high-barrier-to-entry assets with recurring revenue characteristics and strong long-term commercial value.

The combined platform is expected to operate in approximately 30 countries across five continents. IQSTEL believes the transaction creates substantial strategic value through expanded telecom infrastructure and carrier operations and accelerated growth of high-margin digital services, AI and fintech.

It also believes that this deal will accelerate the company’s presence in Africa, the Middle East and Asia, allow stronger international interconnection capabilities and boost operational synergies and cost efficiencies.



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